In addition, Soon Hock’s cornerstone investors have entered into separate agreements. They are: Amova Asset Management Asia, ICHAM Master Fund VCC, Maybank Asset Management Singapore, Maybank Securities and UOB Kay Hian, on behalf of certain high net worth clients, as well as five private investors, Deepak Lakhi Ramchandani, Gay Soon Watt, Ong Soon Liong, Toh Leong San Jack and Von Lee Yong Miang.
Industrial real estate developer Soon Hock Enterprise Holding plans to sell $48.1 million worth of shares as the latest company to list on the Singapore Exchange’s (SGX) Mainboard.
A total of 83 million shares will be sold at 58 cents each. This consists of 18.8 million placement shares and about 2.8 million shares for the public. Founder and executive chairman Tan Yeow Khoon is also selling 16.6 million of his existing shares at the same price.
